ADVISORY CASE STUDY –
GLOBAL LOGISTIC PROPERTIES (GLP)
M3 helped GLP and its predecessor business become a global, market leading logistics fund manager via diverse private equity strategies.
M3 has provided support through a combination of:
- Strategic acquisitions
- Development and execution of JV equity strategies / programs
- Development and execution of funds management strategy
- Supporting access to leading institutional investors globally
$50BN+
TOTAL CAPITALIZATION OF ADVISORY TRANSACTIONS WITH GLP MANAGEMENT
$26BN
TOTAL THIRD PARTY EQUITY RAISED
50+
DISTINCT INVESTORS
25+
YEARS OF ADVISING GLP MANAGEMENT
GLP Advisory Timeline
1993

-
Private “build-up” phase, with $357M across 2 private placements, complemented by frequent access to public markets
1994 – 2008

-
$16.8BN of AUM in 10 M3 – advised funds
- $8.1BN in third party equity raised
-
Helped expand business from North America to Europe and Asia
September 2011

GLP Japan Development Venture 1
-
50:50 JV between GLP and pension fund
-
Expanded in Feb 13 and Oct 14
-
$2.8BN AUM
-
$1.1BN total equity commitments
December 2011

GLP Japan Income Partners I
- Fund held by GLP, a sovereign wealth fund and a global real estate investment manager
- $1.1BN AUM
- $0.4BN total equity commitments
November 2013

GLP China Logistics Fund I
- Fund held by GLP alongside six leading global institutions from Asia, Europe and North America
- $3.0BN AUM
- $1.5BN total equity commitments
February 2015

GLP US Income Partners I
- Fund held by GLP alongside a pension fund, a sovereign wealth fund, and two leading global institutional investors from Asia
- $8.2BN AUM
- $3.2BN total equity commitments
July 2015

GLP China Logistics Fund II
-
Fund held by GLP alongside various investment partners, with a similar mandate to China Logistics Fund I
-
$7.0BN AUM
-
$3.7BN total equity commitments
November 2015

GLP US Income Partners II
- Fund held by GLP alongside an Asian insurance company and various other investment partners
- $4.7BN AUM
- $2.0BN total equity commitments
February 2016

GLP Japan Development Venture II
-
Follow-on venture to GLP JDV I, another 50:50 JV between GLP and pension fund
-
$2.1BN AUM
-
$0.9BN total equity commitments
December 2016

GLP US Income Partners III
- Fund held by GLP alongside six leading global institutions from Asia, US and Middle East
- Includes $1.1BN acquisition of Hillwood portfolio
- $1.5BN AUM
- $0.6BN total equity commitments
December 2017

GLP China Acquisition Venture
- GLP’s first onshore RMB Fund, and the largest RMB fund focusing on logistics in China, to acquire, upgrade and manage modern logistics properties in China
- $3.2BN AUM
- $1.5BN total equity commitments
December 2017

GLP Europe Income Partners I and Europe Development Partners I
- Two funds capitalizing GLP’s $2.8BN acquisition of Gazeley’s European assets and development pipeline
November 2018

GLP Continental Europe Development Partners I
- GLP’s third European fund, focused on developing modern logistics facilities in Continental Europe
- To deploy $2.3BN of capital
Present